August 2018

Palos Verdes Estates Real Estate Snapshot August 2018

By | August 28th, 2018|Buyer Tip, Front Page, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Lunada Bay, Malaga Cove, Monte Malaga, Palos Verdes, Palos Verdes Estates, Valmonte|

Queen's Necklace view from a Palos Verdes Estates window. There are 54 Palos Verdes Estates single-family homes listed for sale per the local Multiple Listing Service. This number has remained in the 50 to 60 range for the past several months. These consistent statistics indicate Palos Verdes Estates homes are being listed and sold at a rate that keeps supply and demand balanced. My "Little Yellow Dot" points to a stable market, but with some cooling and movement toward a neutral demand in the Palos Verdes Estates single-family real estate market. 18 Palos Verdes Estates single-family homes are [...]

Palos Verdes Luxury Homes Report August 2018

By | August 27th, 2018|Buyer Tip, Front Page, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Palos Verdes, Palos Verdes Luxury Homes|

  The luxury home market for homes priced over $3,000,000 on the Palos Verdes Peninsula showed a slight uptick in accepted offers, but the market continues to favor buyers due to the number of luxury homes listed for sale in comparison to the number of homes sold. Supply far outstrips demand in the high-end real estate market on the Palos Verdes Peninsula. However, there are seven Palos Verdes luxury homes priced over $3,000,000 in escrow with accepted offers, but 67 luxury properties are actively for sale. 34 Palos Verdes luxury homes ( $3 mm+) have sold thus far in 2018. The [...]

Will Millennials Buy Boomers’ Big Houses?

By | August 2nd, 2018|An Agent's Life, Buyer Tip, Front Page, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Palos Verdes, Palos Verdes Luxury Homes, Rancho Palos Verdes Lisitng Agent, Seller Tip|

Since I make it a habit of following real estate trends, I've been wondering who will buy the baby boomers' big houses when it's time for them to downsize.  I'm sure you've seen trending articles stating Millennials do not want the family china, antiques, and other stuff filling their parents' home. The big question is, will they want to move into the family home, or purchase one of their choosing? Perhaps smaller and closer to the urban center--time will tell. The giant boomer generation owns two out of every five homes in the United States. Let that statistic sink in [...]

July 2018

Rolling Hills Estates and PVP Single Family Homes Snapshot July 2018

By | July 24th, 2018|Horse Property, Palos Verdes, Palos Verdes Drive North, Palos Verdes Peninsula, Rolling Hills Estates|

There are over 200 homes for sale on the Palos Verdes Peninsula, but only 22 single-family homes are listed for sale in Rolling Hills Estates and the unincorporated neighborhoods on the Palos Verdes Peninsula (Westfield, Academy Hills, etc.) along Palos Verdes Drive North. Nine RHE and PVP residences are in escrow with accepted offers, and 42 single family houses have sold in Rolling Hills Estates and PVP unincorporated areas year-to-date. Due to a small increase in available homes for sale the market has cooled slightly. However, the areas remain in a strong seller's market. Other Palos Verdes real estate market snapshots [...]

Rolling Hills CA Market Snapshot July 2018

By | July 23rd, 2018|Buyer Tip, Front Page, Horse Property, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Palos Verdes, Rolling Hills, Seller Tip|

I showed four Rolling Hills homes last weekend. Yes, it was hot, but my out of the area buyer was in town, and we had to seize the opportunity to view a few homes in the buyer's location of choice. I was delighted to have four houses to show in the buyer's price range. The inventory in Rolling Hills has crept upward during the past several months. There are now 36 Rolling Hills properties listed for sale. At the time I pulled the July statistics only three Rolling Hills residences were in escrow with accepted offers.  12 Rolling Hills homes [...]

Rancho Palos Verdes Homes Market Snapshot July 2018

By | July 21st, 2018|Buyer Tip, Country Club, Crest, Eastview, La Cresta, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Los Verdes, Mira Catalina, Palos Verdes, Palos Verdes Drive East, Palos Verdes Drive South, Palos Verdes Drive West, Peninsula Center, Rancho Palos Verdes, Rancho Palos Verdes top agent, Seller Tip, Silver Spur|

Thinking of selling or buying in 2018? It's not too late to catch the wave! I'm sipping a tall glass of iced sun tea as I write this on a hot and humid Saturday morning. July's heat is more than making up for our colder than usual June! Does weather affect the Palos Verdes real estate market? Yes, but not nearly as much as in other parts of the U.S. Once in a while I will have a showing cancellation due to extreme heat, but those are rare. Many homes have air conditioning or ocean breezes--sometimes both, making touring houses [...]

June 2018

Rancho Palos Verdes Real Estate Snapshot June 2018

By | June 27th, 2018|Buyer Tip, Front Page, Palos Verdes, Seller Tip|

Rancho Palos Verdes claims the coveted title of "Hottest Market on the Hill" for June 2018. With 81 single-family homes for sale, 59 single-family homes in escrow with accepted offers, and 150 Rancho Palos Verdes homes sold year-to-date, the largest city on the Palos Verdes Peninsula is enjoying a hot seller's market as we roll into summer.   Other Palos Verdes Real Estate Market Snapshots for June 2018: June 2018 One Minute Market Video: Palos Verdes real estate market update June 2018. #realestate #palosverdes #normatoeringrealestatebroker #charlemagneinternationalproperties #sellinghomes ##marketreport A post shared by Norma Toering l Real Estate (@normatoering) on Jun [...]

May 2018

Rolling Hills Real Estate Report May 2018

By | May 17th, 2018|Buyer Tip, Horse Property, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Palos Verdes, Rolling Hills, Seller Tip|

The Rolling Hills real estate market remains in a neutral market favoring neither the seller nor the buyer. The higher price point of Rolling Hills residences translates to a slower absorption rate.  Many RH homes spend more days on the market than properties in other Palos Verdes real estate submarkets. The luxury market for homes over $3,000,000 is another example of higher prices usually translating to more days on the market due to a smaller pool of qualified buyers. There are 30 Rolling Hills homes for sale and only six in escrow at the time of this writing. Eight Rolling [...]

Palos Verdes Real Estate Market Snapshot May 2018

By | May 14th, 2018|Buyer Tip, Lifestyle in Palos Verdes, Palos Verdes, Palos Verdes Homes for Rent, Rancho Palos Verdes, Rancho Palos Verdes Lisitng Agent, Rolling Hills|

  The single-family residential real estate market on the Palos Verdes Peninsula continues to maintain its firm grasp on a seller's market, even with a slight growth in inventory since last month's report. Demand continues to keep the supply in check. Timing plays a vital role in real estate, and this is the time of year buyers yearn to make a move to their neighborhood of choice. Fortunately, Palos Verdes buyers have a few more options with the increased supply, and sellers usually have more showings during the spring and summer months. However, a well-appointed and well-priced home will attract [...]

April 2018

Rolling Hills Estates Real Estate Report March 2018

By | April 2nd, 2018|Palos Verdes|

I spent a chilly March morning reviewing listings and sales in Rolling Hills Estates, and RHE has the dubious honor of having the lowest single-family residence inventory of homes for sale of the four cities located on the Palos Verdes  Peninsula. At the time of my research, Rolling Hills Estates had only 14 single-family properties for sale. When the unincorporated areas of the Palos Verdes Peninsula are included (the Multiple Listing Service includes the unincorporated areas in the PVDN area) the number of homes for sale increases slightly. However, it is evident with nine single-family homes in escrow Rolling Hills [...]